ProShares Launches Daily 3x and -3x ETFs

A pair of ETFs, one with a daily 3x objective and one
with a daily -3x objective (before fees and expenses), is being launched on
each of the following indexes: the NASDAQ-100®, Dow Jones Industrial Average,
S&P MidCap 400 and Russell 2000, according to a press release. Three of the
pairs listed on NYSE Arca and one on The NASDAQ Stock Market.

The announcement said ProShares previously launched ETFs
offering daily 3x and -3x exposure to the S&P 500 in 2009.

The new -3x UltraPro ProShares include the UltraPro Short
QQQ (SQQQ), UltraPro Short Dow 30 (SDOW), UltraPro Short MidCap400 (SMDD), and
UltraPro Short Russell2000 (SRTY), all with the same indexes and on the same
exchanges as their +3x counterparts.